When I read this article on GM, it was like reading about a friend who has a terminal illness but is in denial over how bad it is.
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… yah, heard GM’s Prez on the radio this AM … sounded a bit like GM did not think the perfect storm of oil $$ + labour strength + buyer fickleness would ever = this kind of downsizing ( laying of another 2200-2700 staff ).
$51 billion in 3 years?!
Sounds like the capital and debt markets are getting ready to pull the plug.